New York, NY – April 25, 2011 – Beacon Towers and Halstead Property Development Marketing today announced that 90% of units are under contract at the new affordable cooperative development in Central Harlem.
An 8-story newly constructed building at 29 West 138th Street between Lenox and 5th Avenues, Beacon Towers (www.beacontowersliving.com) is comprised of 73 residences in an 8-story newly constructed cooperative building that was developed as a direct response to the need for affordable housing in New York City.
Of the seven remaining units, six are reserved for middle income families and average prices are $275,000 for one bedroom homes and $378,200 for two bedroom homes. One market rate unit is also available for the price of $499,000 for a two bedroom apartment. Construction on the project is complete and immediate occupancy is available with no board approval required. The salary cap for qualifying for the income-restricted units at Beacon Towers is $192,000, making the residences truly affordable to the middle class.
All of the residences at Beacon Towers feature top of the line finishes, including select oak hardwood flooring, oversized ”Low E” windows, bathrooms with soaking tubs, designer Kohler fixtures and hardware, and Eurotech washers and dryers.
The building’s amenities include a fitness center, an attended lobby, landscaped courtyard garden and underground secured parking. All residences are also pre-wired for cable TV, high-speed internet access and flexibility to accommodate future technologies.
The building has a 421-a real estate tax abatement for 25 years and offers units which have private terraces and others with river views; for a full list of available units and floor plans, please visit: http://www.beacontowersliving.com.
Beacon Towers is a joint venture between Strategic Development and Construction Group and Lemle & Wolff, Inc., two developers that have been at the forefront of creating mixed use affordable housing developments in New York City for more than 25 years.
For renderings, photos and other press inquiries, please contact Jill Feldman at Mediashop PR, jill (at) mediashoppr (dot) com; 212-867-8778 x228.
About Strategic Development and Construction Group:
Strategic Development & Construction Group (SDCG) has been actively engaged in the acquisition, financing, development and marketing of residential and commercial projects since 1985. SDCG has built over three thousand residential units and earned numerous awards for its achievements from organizations such as the Associated Builders and Owners of Greater New York, Inc., the Brooklyn Chamber of Commerce, NYSAFAH and the New York State Senate. For more information, please visit: http://www.strategic-construction.com.
About Lemle & Wolff, Inc.:
Lemle & Wolff, Inc. is a real estate management and development firm that was established in 1938 and is today one of the foremost providers of affordable housing in upper Manhattan and the Bronx. A full service organization, the firm is committed to the preservation and upgrading of the housing stock in the areas it services. L&W currently manages more than 300 buildings and, since 1974, L&W has completed the construction and/or rehabilitation of over one hundred buildings. L&W is a past recipient of an award for national excellence for community development partnerships. For more information, please visit http://www.lemlewolff.com/.
About Halstead Property Development Marketing:
Halstead Property Development Marketing is the exclusive sales and marketing firm for numerous new developments in the tri-state area. They consult with developers on every aspect of the development process, including: pre-development planning such as comprehensive market research, detailed unit mix and layout analysis and amenities planning, all of which enables their clients to maximize sales prices, increase absorption rates and provide an overall superior product benefiting the consumer and developer. In addition, the division directs and coordinates the selection of all on-site personnel, conducts extensive sales training and monitoring, designs exceptional sales environments, and creates integrated communications planning including marketing, advertising, public relations and branding. For more information on the Halstead Property Development Marketing Division, please visit: http://www.HalsteadPDM.com/.